Voices

Hon Hai’s Explanation for iPhone 5 Shortage

Apple has said its new iPhone 5 sold faster initially than any other iPhone but sales have fallen short of some analysts’ expectations due in part to supply shortages.

So what’s causing the supply shortage? Here is Hon Hai Precision Industry Co.’s take. The company, based in Taiwan with factories across China, uses the trade name Foxconn Technology Group, and assembles many Apple products including the new iPhone.